The PM Internship Scheme 2024 is set to launch a centralized portal today, October 3, aimed at connecting aspiring interns with various companies across India. This initiative, announced in the central budget, promises to provide young individuals with practical experience in diverse fields. Let’s explore what this scheme entails and how you can be a part of it.
A New Era of Internships
Today marks an important milestone as the government introduces a dedicated internship portal. This platform will serve as a bridge for candidates seeking internship opportunities and companies looking to hire interns. Interested students can start applying on the portal from October 12.
What to Expect from the PM Internship Scheme
The PM Internship Scheme is designed to empower students by offering them valuable work experience in some of India’s leading companies. The government aims to assist over 1 crore students through this initiative, providing them with a chance to gain insights and skills that are crucial for their career growth.
Internship Duration and Companies Involved
Selected candidates will have the opportunity to undertake a 12-month internship with the top 500 companies in India. This diverse exposure will allow interns to enhance their practical skills and gain a competitive edge in the job market.
Eligibility Criteria for Applicants
To ensure that the program reaches those who need it most, the PM Internship Scheme has established specific eligibility criteria:
Age Limit
Candidates aged between 21 to 24 years are eligible to apply. If you are over 24 years old, unfortunately, you will not qualify for this scheme.
Income Limit
Applicants must come from families with an annual income not exceeding ₹8 lakhs. If a candidate’s parents have a stable income from any source above this limit, they will be disqualified. Additionally, if there are government employees in the family, those candidates will not be eligible.
Educational Background
Students who have completed their 10th to 12th grades, as well as those from diploma programs, ITIs, and skill development centers, can apply. However, candidates currently enrolled in regular courses or pursuing a Master’s degree will not be eligible.
Financial Assistance and Stipend Structure
One of the most attractive features of the PM Internship Scheme is the financial support provided to interns:
Monthly Stipend
Interns will receive a stipend of ₹4,500 per month, complemented by an additional ₹500 contribution from the participating firms under their Corporate Social Responsibility (CSR) funds. This means successful interns can expect a total monthly stipend of ₹5,000.
One-Time Financial Aid
Upon securing an internship, candidates will also receive a one-time financial assistance of ₹6,000. This financial support is designed to ease the transition into the internship role and help cover any initial expenses.
Application Process and Selection
The application process is straightforward, thanks to the newly launched portal. Here’s how it works:
Registration on the Portal
Interested candidates must first register on the dedicated internship portal. Companies will upload their available internship vacancies on this platform, allowing applicants to view and apply for roles that interest them.
Selection Process
To streamline the selection process, a backend bot will compile a list of applicants. Participating organizations will then evaluate candidates based on their applications and select individuals who best fit their internship requirements.
Conclusion: Seize the Opportunity
The PM Internship Scheme 2024 is not just an opportunity for young individuals to gain valuable work experience; it’s a stepping stone toward building a successful career. By providing practical exposure in leading companies, the scheme aims to bridge the gap between education and employment.
For those who meet the eligibility criteria, mark October 12 on your calendar and be ready to register on the new portal. This initiative is a fantastic chance to kickstart your career, learn new skills, and gain insights into the corporate world.
Don’t miss out on this exciting opportunity to shape your future! Keep an eye out for updates and make sure to prepare your application to be among the first to secure a spot in this transformative program.
